dragonLZ (72.06)

I think Gold is being manipulated...

0

I must admit I'm very surprised gold has been holding steady around the $1200 mark for a while now.

It looks to me like there might be some manipulation going on that's preventing gold from falling further down.

While I fully understand that gold might even start going up one of these days, especially if the stock market continues going down, I do believe that gold will fall down to at least $950 sooner rather than later.

Or who knows, maybe the manipulators will do everything they can to prove me wrong...

I, too, would be mad if I green-thumbed a bunch of PM miners at the worst time possible, and had a blog "Million reason why I LOVE GOLD" in Dec. of 2011 (the worst time possible to fall in love with gold).

Well done dragon. Your analytical skills are lacking, but I suppose you do show some capability from time to time...

For those of you like Dragon, who are just now figuring out how "the possibility of this market being manipulated" you do not understand that when these metals attain their mania phase, the difference in buying gold at 1800 vs. 1200 or 1500 won't matter a whole lot; and likewise with silver.

If you must know I never bought at the top. I entered this sector in the summer of 2010. My average costs are MUCH lower than the market tops in both metals, particularly silver, and no I have not sold an ounce. I just continue to average down, and accumulating more. I am in it for the long haul. It will bounce back, of that I am sure. Your assurances mean nothing to me, particularly when you have just figured out the obvious.

I am not mad about gold, seriously. What I am angry about is the amount of ignorance that exists, with everything economics related, and how it is destroying this once great economy and country. And none of you fools can seem to understand why. You wannt to know what should get you angry? This economy is on the precipice of an epic collapse from which it will NEVER fully recover from. A self-inflicted avoidable catastrophe that fools like you will watch dumbfounded as it manifests right before your eyes. Yes, America had its day in the sun, and it is now setting here, and rising elsewhere. But not because of me, it's because of the ignorant majority. Thank yourselves, when you wake up in an America you can no longer recognize.

I don't need your luck. It's you who needs all the luck you can get--keep it for yourself. Let me tell you, this economy is rotten--you just haven't realized it yet. You will be blindsided by this, and you're going to be taken down with it.

Respond if you must. Don't expect to see a reply. See you on the other side.

Oh and one last piece of advice: Most Long term Precious metal bulls have been extremely accurate regarding the evolution of economic policy/monetary policy and the chain of events we have experienced both domestically and internationally thus far, including this "manipulation conundrum" you speak of. If you want to look to the future -- see what they're saying. And perhaps ignore their price forecasting regarding the metals. Prepare yourself mentally...you might want to go into it with a strong stomach...

Oh and one last piece of advice: Most Long term Precious metal bulls have been extremely accurate regarding the evolution of economic policy/monetary policy and the chain of events we have experienced both domestically and internationally thus far, including this "manipulation conundrum" you speak of. If you want to look to the future -- see what they're saying. And perhaps ignore their price forecasting regarding the metals. Prepare yourself mentally...you might want to go into it with a strong stomach...

Oh and one last piece of advice: Most Long term Precious metal bulls have been extremely accurate regarding the evolution of economic policy/monetary policy and the chain of events we have experienced both domestically and internationally thus far, including this "manipulation conundrum" you speak of. If you want to look to the future -- see what they're saying. And perhaps ignore their price forecasting regarding the metals. Prepare yourself mentally...you might want to go into it with a strong stomach...

Dragon, Hope you had a Happy Thanksgiving! I was in the Detroit area for the holiday visiting a relative that had moved there. The snow that fell on Thanksgiving was glorious. Living down in SC I sometimes feel a little snow-deprived.

One of my favorite things about being an American is that I have the freedom to be civil to other human beings. Sadly, I do not always take full advantage of that liberty.

Snow is pretty to look at, but not drive in. One can have too much of a good thing, but I enjoyed it because we did not really have much here last winter.

It is interesting to think about the kind of businesses that capitalize off wintry weather. Compass Minerals (CMP) a major salt supplier for roadways is one such stock. Spectra Energy (SE) is my other winter play since the pipeline company provides winter fuel.

Somehow the hot cider was even better after our wintry walk with the dog.

Thanks for the good wishes! I'm doing very well. Happy New Year to you and yours!

MWW, Can you please be a little bit more specific - when exactly is this apocalypse coming?

You've been preaching this same "doom scenario" for 4 years now, and it still hasn't happened yet.

People who deceided not to listen to you lived just fine these last 4 years (it is a proven fact that optimistic people tend to lead happier lives than pessimistic, grumpy people), and very possibly made a coin or two investing in the stock market. On the other hand, people who did listen to you, lost their shirt by investing in PM miners and shorting the stock market.

Telling a person, "Don't enjoy what life has to offer because we all are going to die someday (and it might be your turn tomorrow)", I don't find to be a very helpful advice.

p.s.

I have no idea why I'm writing this when you already said you are not going to respond... :)

ryanalexanderson, Don't sweat it too much, having only one pick work against you (SLW, really??? What were you thinking???) is not that bad. Most people here on CAPS can only wish to have your accuracy.

As for gold not going below $1150, I wrote this post just because I think the gold will do the "unthinkable" - it will dip below $1150, which I've heard is the cost to mine it.

Just the feeling I have, but one can never know.

p.s.

I'm starting to doubt my call now knowing you disagree with me. I'm thinking it's probably not too wise going against a guy with an accuracy record like yours. :)

Ah, but that's exactly why you should disagree with me! I am the perfect contrarian indicator. I should go work for Goldman Sachs, writing my opinions and having the traders do the opposite. 0% accurate is the same as 100% on Wall Street.

Actually, I'm actually surprised you can even hear me, with almost the entire Motley Fool CAPS community standing between you and I.